What Trump’s Tweet Actually Means For Oil
As previously reported, Saudi Arabia and Iran have been on a collision course since the recent OPEC+ Vienna meeting. Tehran has openly opposed the OPEC+ oil production increase, but was Continue Reading
Analysts Raise Oil Price Forecast On Expectations Of Supply Deficit
OPEC and Russia’s pledge to boost oil production will not be enough to offset supply disruptions from Iran and Venezuela amid strong oil demand, according to a monthly Reuters poll Continue Reading
Oil Rallies Towards $80
It was only a week ago that OPEC and Non-OPEC agreed to add 1 million barrels per day (mb/d) to the market, but it already feels like a distant memory Continue Reading
Surging oil prices send eurozone inflation above ECB target
The surge in the price of oil has pushed eurozone inflation above the European Central Bank’s target, but policymakers in Frankfurt are expected to ignore the rise as broader price Continue Reading
Oil dips as trade rows threaten growth, but crude market remains tight
Oil prices dipped on Friday amid escalating trade disputes between the United States and other major economies, although crude markets remain tight due to supply disruptions, high demand, and the Continue Reading
U.S. oil prices hit three-and-a-half-year high on concern over Iran sanctions
Oil prices climbed on Thursday, with U.S. crude hitting a three-and-a-half year high, bolstered by supply concerns due to U.S. sanctions that could cause a large drop in crude exports Continue Reading
Rally in oil prices loses steam after revision to U.S. GDP
Crude oil prices lost some ground in early Thursday trading after weaker-than-expected U.S. economic data offset looming supply-side pressures. Crude oil prices have spiked sharply this week amid concerns about Continue Reading
The Demand Downside For Oil Prices
Oil supply outages are multiplying around the world and are likely to grow worse in the second half of 2018. The disruptions reduce the odds of a supply-driven slide in Continue Reading
Can Trump Counter Soaring Gasoline Prices?
Oil prices surged to their highest level in more than three years on Thursday, as the number and volume of supply outages continues to rise. The odds of a significant Continue Reading
U.S. oil prices steady ahead of sanctions on Iran
Oil prices steadied on Thursday, with U.S. crude pulling back from 3-1/2-year highs, but supply remained tight with investors concerned by the prospect of a big fall in crude exports Continue Reading